SINGAPORE (Aug 24): The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) are collaborating to develop Delivery versus Payment (DvP) capabilities for the settlement of tokenised assets across different blockchain platforms.

This will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets. In turn, these improve operational efficiency and reducing settlement risks.

Under this project, Anquan, Deloitte and Nasdaq have been appointed as the technology partners.

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